Power Ministry gives energy savings certificates to 38 lakh units

NEW DELHI: Power Ministry today said that it has issued more than 38 lakhs energy savings certificates to industries on the basis of their performance on energy efficiency parameters.

"Ministry of Power has issued/entitled to purchase Energy Savings Certificates to Designated Consumers of Perform, Achieve and Trade Cycle I on February 16, 2017 on verification of their performance with regard to energy savings, based on the recommendations of Bureau of Energy Efficiency," the ministry said in a statement.

According to the statement, the first cycle of PAT has been completed in March 2015.

The DCs have contributed to the success of PAT cycle I and this cycle has witnessed an energy saving of 8.67 million tonnes of oil equivalent (Mtoe) against the targeted energy saving of 6.886 Mtoe, which is about 30 per cent more than the target, it said.

This cycle also contributed in emission reduction of 31 million tonnes of CO2 and avoided generation of about 5,635 MW resulting in monetary savings of Rs 37,685 crore.

It has also contributed in investment of Rs 24,517 crore for energy efficient technologies by DCs under PAT. It is a multi-cycle scheme aimed to cover most of the energy intensive sectors of the economy. In this regard currently in the PAT cycle II, 621 DCs from 11 sectors have been included in the scheme, it added.